Sharp Daily
No Result
View All Result
Friday, July 11, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

China Drops from Being Kenya’s Biggest Source of Imports

David Musau by David Musau
June 9, 2023
in News
Reading Time: 2 mins read

According to a March report by the Kenya National Bureau of Statistics, imports from the Middle East amounted to Kshs 32.3 billion in Q1 2023, surpassing the existing import bill of goods from China of Kshs 30.34 billion. Saudi Arabia topped the list as Kenya’s largest import market in terms of the value of goods due to the increase in global oil prices. This comes after President Ruto signed a deal with the Saudi Arabian government to source diesel and jet fuel from the country, dropping the United Arab Emirates market for these products.

China has dominated the import sector in Kenya for over ten years, with the main exports to Kenya being iron and steel, plastics, machinery, vehicles, and electrical appliances. According to the Kenya Trade Network Agency report released at the end of Q4’2022, China’s exports to Kenya dropped by 10% from the previous year, with total imports from China amounting to Kshs 110.7 billion in 2022 from Kshs 122.4 billion recorded in 2021.

Read more: Kenyan Avocados Sold At The Largest Fruit Market In East China

Imports from Saudi Arabia include mineral fuels, fertilizers, organic chemicals, and plastics. The value of these products has caused the import bill for Saudi Arabia’s imports into Kenya to shoot beyond markets like China and India.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

However, regarding the quantity of goods imported into the country, China tops the list, followed by India. Oil prices in Kenya are projected to keep rising with the proposed increase in the fuel levy to 16% from the existing 8% when the finance bill is passed in the next financial year. This will further increase the value of imports from Saudi Arabia and the Middle East since they mainly comprise petroleum products.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

World Bank Recommends Replacing Diesel Trains on The SGR With Electrified Trains

Next Post

The Rise of Hawala As Kenyans Abroad Avoid Bank Transfers

David Musau

David Musau

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025

How Kenya is future-proofing its economy against illicit finance

July 9, 2025

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024